WF

Usually they get their solicitor to put one on, but they could do so themselves. I was charged about $60 once to put a caveat on a property, so it is not so expensive.

Terryw
Discover Home Loans
North Sydney
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Does anyone in Thailand need to talk to a mortgage broker?

Terryw
Discover Home Loans
North Sydney
[email protected]

Good points Aussiemike.

BTW. I made another post recently about a court case where the director of a corporate trustee was held liable.

Terryw
Discover Home Loans
North Sydney
[email protected]

Wallflower

I don’t know about that? I think it dpends how frequetly you buy and sell. I don’t think a trust has anything to do with it as my trust has had to pay CGT – sorry, i meant distribute capital gains.

fjficm

Another strategy. Macquarie Bank, ANZ and CBA all offer some sort of capital guarranteed share investments. They work with the bank lending you up to 100% (I think) of the share value, you hold the shares for a fixed period, and then you can ‘give back’ any that have dropped in value for the same amount they cost you. The rates are high – like 15%, but getting a large portfolio and prepaying the interest will dramatically decrease your annual income and hence CGT bill. You just have to work out if the shares are likely to increase enough in value to make it worthwhile.

Terryw
Discover Home Loans
North Sydney
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hi there.
Rob, I know of a team of solicitors that sepcialising in removing entries from CRAA files – legally of course. They use some small mistake or technicality of the lister and threaten to sue them if they do not remove the entry. it seems to work with judgements and defaults.

Liz, I had an application of mine initially reject by westpac based soley on the length of my file (not trying to boast here!). But they passed it when explained.

Terryw
Discover Home Loans
North Sydney
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Wayne
The company must pay tax on its profit, so taking the money out won’t cost you anymore in tax unless you are on a higher bracket than 30% (franked dividends).

I would be using a trust to invest in property myself, rather than the company. And using a trust, you may not have to pay any CGT, however if you do, you have more flexibility in reducing the amount.

Terryw
Discover Home Loans
North Sydney
[email protected]

Wezwas

This sounds like a reasonable figure. using a mixture of business, shares and property a 10% return is not very high.

eg. Imagine if you used this money as deposits for wraps. $20,000 deposits on 15 properties returning $3000 pa each after costs = $45,000 plus all the capital gains on cashout.

Terryw
Discover Home Loans
North Sydney
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There is a really good book which I bought years ago. But I have jsut lent it to a client and forget the title. It was something like
“How to pay your mortgage off years sooner..”
the author was from WA from memory.

Terryw
Discover Home Loans
North Sydney
[email protected]

fjficm

I beleive that is correct. You, or the trustee, can distribute as you see fit – any percentage you like. So if you have some bennies give them as much as they can handle, then the rest could be diverted into a company.

Supa Freak. You technically are giving them the money, but they may give it back to you. Usually it is just a paper entry, and you may give them a bit for their troubles. bear in they they have to include this money in their tax return and may have to pay tax on it.

btw, I am not an accountant, so this may be wrong.

Terryw
Discover Home Loans
North Sydney
[email protected]

I have heard Roy say that too. He also said the legal fees involved would be an amount similar to the stamp duty anyway.

Cnetrelink make it hard on pensioners. If your mum rents out her current home, the rent may result in her losing pension or having it reduced. Why don’t you ring them up and explain the situation and see what they suggest. They have financial planners/advisors there that can help you. War pensions may be different too.

Terryw
Discover Home Loans
North Sydney
[email protected]